Company File

I am an outsourced accountant of a small business and basically just prepare their financial statements from the data they provide. Company needs a business valuation and has hired a CPA firm for that. Is it a common practice for a CPA firm to ask me for a copy of my (Quickbooks) Company file? All I really have is general ledger activities and depreciation schedules. Idon't handle their payroll or accounts payable sub-systems.

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I am an outsourced accountant of a small business and basically just prepare

Click to expand...

their financial statements from the data they provide.
Company needs a business valuation and has hired a CPA firm for that.
Is it a common practice for a CPA firm to ask me for a copy of my
(Quickbooks)
Company file? All I really have is general ledger activities and
depreciation schedules. I don't handle their payroll or accounts
payable sub-systems.

Thanks for your help!

Click to expand...

As a business owner that does its own accounting through financial
statements and tax returns internally, this is how I would respond:

We just get the data you are asking for from the client. I suggest you
contact them.

(I would not want the CPA firm, which ended up presenting questionable
data to a third party (the buyer) to say they got the data from Mr.
Sharma. I also would not want to give the data my staff entered into
our computer to someone for free, although the paltry sum you might
charge would be dwarfed by the lawsuit from the buyer.)

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I am an outsourced accountant of a small business and basically just prepare their financial statements from the data they provide. Company needs abusiness valuation and has hired a CPA firm for that. Is it a common practice for a CPA firm to ask me for a copy of my (Quickbooks) Company file? All I really have is general ledger activities and depreciation schedules. I don't handle their payroll or accounts payable sub-systems.

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